Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. The Austrian economy also benefits greatly from strong commercial relations, especially in the banking and insurance sectors, with central, eastern, and southeastern Europe. The economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to the new EU economies. The outgoing government has successfully pursued a comprehensive economic reform program, aimed at streamlining government and creating a more competitive business environment, further strengthening Austria's attractiveness as an investment location. It has implemented effective pension reforms; however, lower taxes in 2005-06 led to a small budget deficit in 2006. Weak domestic consumption and slow growth in Europe held the economy to growth rates below 3% in 2002-05. Due to higher growth across Europe, Austria grew 3.3 percent in 2006. To meet increased competition - especially from new EU members and Central European countries - Austria will need to continue restructuring, emphasizing knowledge-based sectors of the economy, and encouraging greater labor flexibility and greater labor participation by its aging population.
More finance information from Austria:
General Economic Links:
| Chase.com |
| With many branches across the U.S., Chase provides many personal and business banking services
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| DealBook |
| The New York Times online daily digest of finance news and analysis is constantly updated during the market day.
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| Financial Times |
| This venerable international business newspaper reports extensively on business and stock markets.
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| Financial-portal.com |
Portal presents comprehensive financial resources, articles, news, stats, indexes, financial institutions etc:
- articles on financial topics
- financial news
- latest currency charts
- latest gold, silver, platinum and other precious metal prices
- current financial indexes and dynamic graphs
- universal currency converters (all major currencies)
- stock, commodity and other major exchanges
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| Finweb.com - the independent financial portal |
| "Financial security. Everyone wants it; few have it. Many do not realize that true financial security requires strength in every area of one’s financial affairs. It requires a systematic approach, a strategic plan implemented over time, in order to obtain it. But it can be obtained. With the proper educational training and discipline, financial stability and security is within anyone’s grasp. That’s why we’re here: to provide you with a solid foundation of valuable financial knowledge from which to proceed..."
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| Fitch Ratings |
| Provides independent global credit rating information for the world’s credit markets
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| Forbes.com |
| Extensive coverage of business and financial news, Forbes is one of the premier sites covering the world of business.
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| Google Finance |
| Google Finance provides an unclutered interface to finance news, market summary with graphs, stock quotes, top movers and other indicators. Also search companies by stock code.
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| Kiplinger |
| Personal finance site that offers calculators, business news, quotes and much more personal finance information
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| MarketWatch |
| This Dow Jones operated site provides personal finance news, advice and stock market data and analysis
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| MSN Money |
| The MSN (Microsoft Network) provides a finance portal including latest finance news, market updates and resources.
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| Yahoo Finance |
| The Yahoo search engine provides a finance portal with breaking news, market summaries and editor articles.
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